The rule in plain words
For credit transfers sent: the absolute value of value of credit transfers cannot be less than the absolute value of instant credit transfers.
All the values are in the total row (0010) of S 01.02.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
the absolute value of Total, Value of credit transfers >= the absolute value of Total, of which: instant credit transfers
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is smaller than it may be, one of them is wrong: check both before you change either.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark S 01.02 as reported.
- 05This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
S 01.02 - number and value of credit transfers and instant credit transfers (euro) (S 01.02)
Row
- 0010Total
Columns
- 0030Value of credit transfers
- 0040of which: instant credit transfers
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
abs({S_01.02,r0010,c0030,}) >= abs({S_01.02,r0010,c0040,})Other rules on S 01.02
- Credit transfers received: the absolute value of value of credit transfers cannot be less than the absolute value of instant credit transfers (v89175_h)Warning
- Credit transfers sent: the absolute value of number of credit transfers cannot be less than the absolute value of instant credit transfers (v89176_h)Warning
- Credit transfers received: the absolute value of number of credit transfers cannot be less than the absolute value of instant credit transfers (v89177_h)Warning
- Total must be reported (e89148_e)Warning
- Total cannot be negative (v89067_s)Warning
Every SEPA IPR rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.